Grants for small firms a step closer
A leadership team has been chosen to oversee the handing out of £775m in grants to spur competition in lending to small businesses. Lord Cromwell has been appointed executive chairman of Banking Competition Remedies, with Brendan Peilow as an executive director. Royal Bank of Scotland was ordered to put up the money to comply with its £45.5bn bailout conditions.
Source: Daily Express (03/05/2018)